Category: Congress

Geithner: Criminal or Just Incompetent ?

It has been announced that House Oversight Committee Will Hold Hearing On Geithner/NY Fed/AIG Scandal

Ed Towns, the chairman of the House Oversight and Government Reform Committee, just announced that he would hold hearings into the emails that show how the New York Federal Reserve delayed disclosure of AIG counter-party payments, hiding public information from federal regulators. The statement is below.

Towns wants to hold the hearing the week of January 18, and has invited Treasury Secretary Geithner to testify.

The question is did Geithner’s New York Fed Ordered AIG to Violate Securities Law in 2008

Yves Smith over at Naked Capitalism commented on a report from Bloomberg News that just about made my eyes pop out of my head. Evidently, Darrell Issa got his hands on some 2008 emails between AIG and Tim Geithner’s New York Federal Reserve, wherein the NY Fed orders AIG to make material misstatements on SEC filings:

Bloomberg reports:

   The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

   snip

   AIG’s Dec. 24, 2008, filing was challenged privately by the U.S. Securities and Exchange Commission, which polices the adequacy of disclosures by publicly traded firms. The agency said in a letter to then-CEO Edward Liddy six days later that AIG should provide a Schedule A, which lists collateral postings for the swaps and names the bank counterparties that purchased them from the company. The Schedule A was disclosed about five months later in a filing.

On Pots And Kettles, Or, Peter King: Tool Of Terrorism, Victim Of Irony

As a result of a recent event involving an aircraft and underpants Representative Peter King (R-Not From Iowa), the senior Republican on the House Homeland Security Committee, has again come forth to bring his expertise on questions of international terrorism to the national debate.

King, a Congressman who represents a district that straddles New York’s Long Island (NY-3), previously served as the Comptroller of Nassau County and a member of Hempstead, New York’s Town Council, which wouldn’t seem to be the kind of résumé that would give you much credibility in this arena-but Mr. King is a special case.

You see, Mr. King knows a great deal about terrorism…from the inside…because for many years the personal cause that drove his life was to be an active and public supporter of a terrorist group.

And that’s why, today, we’ll be connecting the dots between Congressman King and the Irish Republican Army.

Send Them a Message

It’s official.  The USA Patriot Act is no longer the greatest social achievement of our time.  The Baucus/Lieberman Perpetual Serfdom Act has just been awarded that distinction.  Obama is immensely proud of it.  “Pragmatic” progressives are saluting it.  They’re telling us we should be grateful for the crumbs Democrats toss us, they’re ridiculing us for taking a stand on principle, they’re calling it “wanting our ponies”, they never shut up, their condescending lips are always flapping, their lips never stop flapping until police state decrees like this are issued from on high . . .

After hearing passionate arguments from the Obama Administration, the Supreme Court acquiesced to the president’s fervent request and, in a one-line ruling, let stand a lower court decision that declared torture an ordinary, expected consequence of military detention, while introducing a shocking new precedent for all future courts to follow: anyone who is arbitrarily declared a “suspected enemy combatant” by the president or his designated minions is no longer a “person.” They will simply cease to exist as a legal entity. They will have no inherent rights, no human rights, no legal standing whatsoever.

Every time Obama channels Cheney and goes all medieval on us, his Obamabots fall silent. All we hear is crickets.  Until the next greatest social achievement of our time is announced. Then the festivities begin anew and anyone who doesn’t join in gets burned as a witch.  

For corporate fascists keeping score at home, that’s two great social achievements in one week!  For “pragmatic” progressives, it’s one great social achievement and a minor disappointment.  Nothing to dwell on.  Clap louder and it’ll go away.  For actual progressives, it’s the final evidence that we no longer have any choices left.  There is only one way to fight back now.  We have to boycott the major parties in the 2010 Midterms. Vote 3rd party. Vote for a write-in candidate.  Take electoral action in whatever way you think is most effective.

Iranians can die for democracy . . .

iranian election protester Pictures, Images and Photos

But we can’t even boycott an election?  

Don’t argue about it.  Do it.  Call it what you want.  Get to work organizing it.  Get to work publicizing it.  Help in any way and every way you can or get the hell out of the way.    

Democrats told us they couldn’t Impeach because “we don’t have the votes”.  They told us they couldn’t pass single payer because “we don’t have the votes.”   They told us they couldn’t give us a strong public option because “we don’t have the votes.”  They told us they couldn’t even give us a watered down public option because “we don’t have the votes.”  

When progressives boycott the Midterms, Democrats will discover the true meaning of “we don’t have the votes.”  They’ve been using it as a bullshit excuse, we’re going to use it as a warning, as a nationwide declaration that we will no longer tolerate betrayal.    

“Pragmatic” progressives will freak out, we’ll be lectured about “reality” by people who think that gutter they’re crawling in is the Yellow Brick Road to Incremental Change.  They’ve been crawling in that gutter of “political reality” ever since their anti-Impeachment days.  They weren’t worth listening to then and they never will be.    

We’ve supported Democrats over and over again, election after election, but nothing ever changes. Doing the same thing over and over again expecting different results is insanity.   It’s insane to keep reelecting corrupt politicians who keep betraying us.  

WE ALL NEED TO STOP DOING THAT.

True Reform is Found Beyond the Beltway

Eleven months after President Obama took office, many Progressives are feeling understandably shortchanged.  We were led to believe that finally a candidate with authentic liberal credentials had a legitimate shot at the White House, and so we embraced pragmatism when the most liberal candidates dropped out of the race.  To be sure, there were several voices screaming out that Obama, if elected, would be far more indebted to the center then he ever would be to the left.  These were loudest in the blogosphere, by far, and a few of them have recently exercised the cathartic, but ultimately hollow right to say I-told-you-so.  This song and dance has historical antecedents that stretch back decades, but it would be best if there were no need to repeat the process once more.  

I think we may have put the cart before the horse.  I think we might have assumed that reform could be accomplished purely by political means, instead of reform being reached by grassroots mobilization that forced government’s hand.  Recently we have become aware, once more, that the American political system is not designed for sweeping change.  The rules of the Senate were instituted to ensure that those with sober contemplation, not rash passion, ultimately won in the end.  We can lament this fact and rightly decry it as anti-democratic and elitist, but the truth of the matter is that this is how the system works.  I don’t think that the President failed us nearly as much as the system did.  In mentioning this, I’d much rather focus on going forward than licking our wounds.  

I understand why we placed our trust in Barack Obama.  We recognized the destruction wrought by eight years of neoconservative rule and with it the disconcerting notion that government predicated on evil can level its opponents and eviscerate easily.  That it is much more difficult to build up rather than ruin is perhaps the toughest lesson of all.  But with it comes the realization that established precedent is nearly impossible to reverse when passed.  We may be unhappy with the scope of the bill, but we would be wise to celebrate that if someday Republican rule returns, it will be difficult for them to dismantle that which will be signed into law shortly.  We should not accept this as any final word on the matter, but neither should we refuse to note how an eighteen-round fisticuff with the American mentality ultimately turned out in the end.  This country was forced to confront some of the most massive fault lines that lie deceptively harmless most of the time, until seismic tremors threaten to shake us apart.            

Any worthy social movement promising transformative change begins among an oft-quoted small group of thoughtful, committed citizens.  The Civil Rights Movement, Women’s Rights, and our latest struggle for LGBT marriage equality fomented and were codified from well outside the Beltway.  Though ultimately legislation was proposed and passed by means of the Legislative branch, the energy and forward momentum swept up a million unsung heroes whose names may be lost to history or relegated to obscure footnotes, but whose bravery and achievements cannot be understated.  

While it is touching that during the Presidential Election we temporarily shelved our skepticism as a result of being star-struck, we should not have failed to recognize that leadership comes from everywhere and every corner, not just the occupant of the White House.  We focused our entire attention and hung our hopes upon the success or failure of one person, and while it is true that one person can change the world, his or her leadership ability must be augmented by other leaders.  These inspirational individuals are frequently not pulled from the ranks of public service.  Their occupations vary, just as those who desire change pull from all walks of life and all vocations.  It is more leaders and more passion that we need.

Dr. King may have been the towering giant of the Civil Rights Movement, but Ralph Abernathy, Bayard Rustin, Ella Baker, Fred Shuttlesworth, and many others less well-known filled out the inner circle that produced progress on a scale that is still difficult to fully comprehend.  Along with the notable names are a million others who are the pride of their city or town, but little more than strangers in other places.  I hardly need note that none of the public figures I have outlined were members of the House or the Senate.  Reformers are rarely beholden to the political game because it requires a kind of willingness to bend to the prevailing will and howling winds of popular sentiment, else one find oneself out of power.  So long as this is the case, real reform measures will be stymied or watered down during the process of deliberation.  

I almost need not mention that Congress is meant to work for us, but that it only pays attention to our concerns when we articulate them with force, clarity, and with united purpose.  When we are united behind a cause, not a personality, and especially not a party, then the sky is the limit.  Making our dreams a reality requires more than one election cycle and we ought to really contemplate why it took a once-in-a-generation candidate to patch up the variety of competing interests and disconnected factions of the Democratic party to achieve a sweeping victory.

Instead of cursing our fate and gnashing our teeth out of betrayal, we should re-organize, but this time around the issues that our elected representatives either will not touch, or will whittle away to ineffectual mush.  We have before us a fantastic opportunity to change our priorities and establish successful strategies.  Legend has it that right before they put the rope around his neck, the labor leader Joe Hill stated, “Don’t Mourn!  Organize!”  Liberalism is alive and well and if we learn from this experiment we will not have failed.  The new birth of freedom long promised is ours for the taking, provided we grasp hold of it.  We will live to fight another day.    

FDR warned about Economic Royalists — Looks like he’s STILL RIGHT!

Economic Royalists:

President Franklin D. Roosevelt, in his speech accepting the Democratic nomination for a second term, delivered at Philadelphia on 27 June 1936, said, “The economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power.”

(emphasis added)

http://www.answers.com/topic/e…

How about a “Case Study” using a recent history of their HandiWork … and their apparent Victory — AGAIN!

Lethal Illusions

In Empire of Illusion, Chris Hedges examines the pervasive ways in which Americans are separated from the complexities of reality and become trapped in a mind-killing, reality-destroying, one-dimensional existence.  For most of them, there is no way out of this corporate capitalist prison; for most of them, there is no escape; they can’t even try to escape because they don’t even know they’ve been locked up. They don’t see the guard towers, they don’t see the walls, they don’t even saw the bars of their own cells.  

Chris Hedges . . .    

We consume countless lies daily, false promises that if we spend more money, if we buy this brand or that product, if we vote for this candidate, we will be respected, envied, powerful, loved, and protected.  Reality is dismissed and shunned as an impediment to success, a form of negativity, it is condemned as defeatist.  Those who question, those who doubt, those who are critical, those who are able to confront reality and who grasp the hollowness of this culture, are shunned and condemned for their pessimism.

Human beings have become a commodity. They are objects, like consumer products.  They have no intrinsic value.  Life is a brutal world of unadulterated competition. Life is about the personal humiliation of those who oppose us.  Those who win are the best. Those who lose deserve to be erased.  Compassion, competence, intelligence, and solidarity with others are forms of weakness.

In accordance with these lethal illusions, progressives are weak and deserve to be erased. Conservatives are strong and deserve to rule.  Capitalism is sacred.  Conformity is sanctified. Dissent is condemned.  The corporate media pounds this narrative into the public consciousness every hour of every day, in every conceivable way, through every visual, aural, emotional, and psychological form of communication ever devised.  The consequences have been devastating.      

Just in case you missed it…

Anger is flying at Mach 1,000 and everybody who isn’t a member of the Democratic leadership wants to punish the Democrats for their endless betrayals, broken promises, lies, and capitulations.  Well, I seem to remember someone posting ideas for how we can do something more than just bitch and complain.

https://www.docudharma.com/diar…

Just thought I’d remind you so we can start holding discussions for how we can implement these ideas.

I think I found it!

buhdy says there is no key, but I might have picked it up on a side street! I’m not sure if it’ll fit in the lock, but it just might. So I would like your help and your feedback, if you can spare a few minutes to read this today.

Last night, in a fit of SheKos mania (wherein I examined all the diaries I had missed), I rejoined Dkos. It really sucks to have to un-GBCW. 🙂

But you guys have taught me a ton of shit in the sad little 5 days that I was away. The wool is no longer pulled over my eyes. And I have been hashing it out all morning on the GOS with Obama supporters who keep using extremist language and, in effect, putting words in my mouth.

And then it kind of hit me, like a ton of bricks: THEY TOTALLY NEED US! We don’t fucking need them. I mean, the country is in the shitter as it is – seriously, how much worse can it get? Not much. Come reelection time, some of us Dharma Bums will vote for President Obama again, some of us will stay home, and some of us will go indie/3rd party. And if they want the prez to get reelected, they’re going to need to learn how to kiss our collective ass.

WE’RE the ones in power. HA HA! SCORE!

Some GOOD NEWS from Congress! Drug Policy

(HT to Law Enforcement Against Prohibition’s Cops say Legalize blog)

The Conference Committee dealing with the 2010 Consolidated Appropriations Act has approved three significant reforms, following the lead of the House version,

* Washington, DC will finally be allowed to implement the medical marijuana initiative that voters overwhelmingly approved in 1998 but has been blocked by Congress each year since then.

* Funding for the White House “drug czar’s” ad budget has been slashed by more than a third of its size last year. Studies have repeatedly shown that these ads actually cause teens to use more — not fewer — drugs.

* Washington, DC will be able to use federal funds to implement syringe exchange programs.

The advertising budget for the  National Youth Anti-Drug Media Campaign comes in at $45 million, $25 million below 2009 and the Obama Administration’s request. This follows steady drops since 2000, when the Clinton Drug Czar’s office had a full half billion to play with. in the Reagan, Bush I, and Clinton years, this money was selectively applied to reward networks and other media outlets which played ball with the respective Administrations on unrelated issues, as originally exposed in a series of articles by D. Dan Forbes at Salon.com.

I’m pretty sure the lions share of the credit here goes to House Appropriations Chair Dave Obey, who sat on the Conference Committee, and has been strong behind the scenes on drug policy reform since 2003.

AFGHANISTAN — ESCALATION!

From:







Sign the Petition to Congress here!

*******

And, David Swanson, reminds us “It’s Not the President’s Decision!”

The U.S. Constitution leaves the decision to wage war to Congress, and Congress can enforce its decision not to wage war by refusing to fund it.  Blocking a funding bill for wars requires the House of Representatives alone, and both Democrats and Republicans in the House are rapidly joining us in saying No to war funding.

It’s time to finally get serious, to lobby, to protest, to sit in, to nonviolently disrupt and resist in local district offices until enough Representatives commit to voting No on any bill to fund more war.

Here’s a link to a rapidly-changing whip list in the form of a google document that you can embed* on your own website:

Public Opposes Wars, Will Our Representatives?

Please call your representatives and find out they will vote on funding the wars, urge them not to, etc. and post responses from them in the above site beneath the chart.  The chart is regularly updated.  This is a great way to keep a running to “track” of our representatives

*unfortunately, it’s not possible to embed the link here

********

Support over 100 outstanding, leading peace activists in their “Emergency Anti-Escalation Rally,” on December 12, 2009, at the White House, by going to Ends the Wars Org and signing the letter to the President.  It’s easy, send them an e-mail and ask that your name and state be included.

********

From:

JUST FOREIGN POLICY!

Tell President Obama: No More Troops for Afghanistan!   – AND –

Demand a Congressional Debate on Troop Escalation

And to think that there are a couple of bills in Congress, that ask for taxing the American people for these wars??

Tell Bernie Sanders, “thanks for looking out!”

http://act.boldprogressives.or…

Bernie Sanders has used a bit of Senate finesse to block the renomination of Ben Bernanke to head the Federal Reserve.  Chris Bowers over at Closed Left explains what’s happening, but what it all boils down to is that Sanders has managed to hold up the renomination of one of Bush’s creatures to a hugely important office.  Obama and Wall Street want Bernanke to stay and keep fucking up the economy.  Sanders is looking like one of the only senators willing to go on record and try to stop this from happening.

So please click the link above and thank Bernie for looking out for us.  And while you’re at it, use the Senate phone directory to call your own senator and demand a filibuster of Bernanke’s renomination.  We need someone in there who will actually represent the public interest.

http://www.senate.gov/general/…

Common Sense, Common Views, Common Purpose

On this day where the negative news about the War in Afghanistan, fresh doubts about President Obama, and a lack of Democratic unity in the Senate regarding Health Care drives a sourly pessimistic news cycle, now is as good a time as any to push back against the doom and gloom brigade.  It may be time for the Democratic party to begin to reform itself first before it can ever make a solid effort to reform the country.  As much as Republicans have provided a more or less solid base of opposition and obstruction, Democrats have only appeared marginally united and only then for brief periods of time.  While I am aware that this is hardly anything new, disorganization will prove to be our own undoing unless we look inward and take stock of our shortcomings.  Everyone talks about this, of course, but as Mark Twain put it regarding discussions concerning weather, nobody does anything about it.      

The most current gloomy AP story of yesterday was predictably dire,

WASHINGTON – The 60 votes aren’t there any more.

With the Senate set to begin debate Monday on health care overhaul, the all-hands-on-deck Democratic coalition that allowed the bill to advance is fracturing already. Yet majority Democrats will need 60 votes again to finish.

Some Democratic senators say they’ll jump ship from the bill without tighter restrictions on abortion coverage. Others say they’ll go unless a government plan to compete with private insurance companies gets tossed overboard. Such concessions would enrage liberals, the heart and soul of the party.

The first stirrings of a concept known as Intersectionality began to develop in the 1960’s and 1970’s in opposition to the exclusivity, post-modernism influenced arguments of a prior generation of activists and thinkers.  In brief, Intersectionality rightly assumes that taking into account a variety of lenses and perspectives, as well as how they interact with each other is a much better means of attacking a problem.  Instead of taking one or two issues in isolation, viewing the similarities and acknowledging the spot at which all points meet would, as it is proposed, facilitate common purpose much more easily. In that spirit, seeking to address interrelated issues that comprise a complex matter rather than focusing too heavily on quibbling details would do our Senators and Representatives well.  

As the media has presented it, one would assume that the reservations brought up by individual members of Congress while in hot debate over health care have been matters of profound heft.  Certainly the political football of both Stupak and the Public Option are not issues to be taken lightly, but having read many of the published reports regarding day to day conduct in committee, the substantive concerns have often taken a back seat to needless minutia or pointless hair-splitting.  Threats and counter-threats in this laughably extended proceeding have ceased being coercive and might as well be duly noted in the Congressional Record without objection.  The mystical filibuster, for example, once was feared and sparsely used, and now has become part of process wallpaper to such a degree that even the threat of the procedural measure when invoked produces shrugged shoulders more than abject terror.  True filibusters are rare in any case.          

The Democratic party might at least consider the idea of Intersectionality if it is to prevent more than nominal GOP gains in 2010 and if it deigns to rule for an extended period of time.  Having won, it must now find a way to not overstay its welcome in the good graces of the American people.  Democrats know very well what they do not want to be and aren’t so versed on what they think they ought to be.  Many activists believe that a new way of looking at established rules would push every Democratic figure forward rather than being mired in conventional modes of thought that are long past their expiration date.  Many would argue that several of the long term legislators with seniority are long past their expiration date as well.  It is an unfortunate fact that we have been rather frequently and alarmingly prone to factionalism in recent history, which is partially a result of a disturbing lack of more or less uniform direction.  It should be noted that I do not see this as some greater trend along the same lines as peering at an ant farm, whereby what seems from a distance to be chaotic is upon closer inspection merely a method to the madness.  

Seeking to find mutual purpose between individuals and individual organizations alike, rather than pointing out differences and highlighting distinctions could well be our salvation.  What complicates this process, however, are the multitude of non-profits and PACs that dot the landscape, many of which are devoted to a single issue.  Each was founded out of a desire to make sure that the unique concerns of a particular group or cause was not neglected in the legislative process.  They were created based on an inequality or need that cried for alleviation, but with time, however, these groups began to resemble government agencies, whereby bureaus that could have been consolidated with others for the sake of efficiency were allowed to exist alongside similar departments which did more or less identical work.  Networking is still a fairly foreign concept to many of the myriad of entities that compromise the Democratic party and help set its agenda.  How we think influences how we govern and how we seek to influence that which governs.  Though the current model may have had its place once, the time has come to modify our thinking and with it our strategy.  Focusing too heavily on where we are not alike rather than how we are alike is, arguably, what led to the decline of the party post-Carter and contributed to the 1994 election debacle.  

I wrote a post over the weekend which touched some nerves.  In it, I discussed the way our that own fundamental structure as liberals makes getting us on the same page an exercise akin to herding cats.  One of the comments left was something to the effect of “I’m a Progressive and no one tells me what to do.”  Fair enough, except that I wasn’t suggesting that the person in question (or anyone, really) follow blindly behind any cause or personality.  What I was, however, arguing is that we can’t always isolate ourselves in our own identity group and assume that its concerns are of paramount concern to the whole.  Until we identify as Democrats first and other identities later, we’ll always have unintentionally split allegiances.  Any group established for originally altruistic means quickly becomes obsessed with justifying its own existence and in so doing losing sight of the original intent.  A common thread runs through so many organizations and it goes well beyond a simple label of “Progressivism”.  The most successful educational strategies link together a variety of subjects and show students how each is interconnected.  This is where true learning begins and this might also be the point at which true unity is allowed to thrive.    

I don’t believe in groupthink and I certainly don’t believe in playing follow-the-leader, but I do know that it is certainly easier when waste and superfluity is trimmed away.  I do also know that if everyone had been on the same wavelength before Stupak, then women’s rights wouldn’t have been so easily bartered away for the sake of a narrow victory.  If we truly lived our gospel of multiculturalism and plurality, then human rights would mean more than just the latest atrocity perpetrated in a nation far, far away.  If we practiced what we preached, there wouldn’t be a need for the Gay District, since LGBTs would live boringly normal lives right next door to us.  If we took up the cause of intersectionality, there would be no others who are not like us in some way, shape, or fashion.  While I am writing on this particular topic, I am reminded of a woman who is a contributing editor to a Feminist site I regularly visit; she uses this quote as her e-mail signature:

“Engrave this upon your heart: there isn’t anyone you couldn’t love once you heard their story.” –Mary Lou Kownacki    

Decry it as naïve optimism if you wish, but post-partisanship, if we have not thrown it upon the dungheap of history quite yet, begins with this simple statement.  That which separates us is often artifice, over-reaching, or over-compensation.  One President micromanages the Health Care debate, which fails miserably.  Another President puts Congress in control, failing to understand that he is capable of keeping bickering legislators in line without seeming dictatorial.  We are our own worst enemy, far too often.  Arguably we regained both chambers of Congress due to a GOP that had been remarkably good at shooting itself in the foot, if not other members.  One wonders what will be our strategy in 2010 besides praying that the economic data and unemployment numbers improve drastically and that the Health Care reform bill passes.  How will we learn from four years of mixed results?  I can guarantee that the existing framework and system is no viable solution.  We know what we are not, now it’s time to determine that which we are.  

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